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The Time Magazine Quality Dealer Award (TMQDA) is an annual Time Magazine-sponsored award for car dealers who are successful support the automobile industry and are community leaders.It is the automobile industry’s most prestigious and coveted award for car dealerships.Dealers are nominated by either state or local associations of new car dealers who are members of the Automotive Trade Association.Finalists and winners are chosen by a panel of faculty members from the University of Michigan Graduate School of Business Administration.The award is presented at the annual convention held by the National Automobile Dealers Association (NADA).Four regional winners are also selected who are named the TIME Magazine Dealer of the Year

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